(NEWCREDIT.TXT) NO CREDIT? HERE'S HOW TO GET STARTED ON YOUR OWN! The following is an honest and easy to follow method that can be used by any person who has NO credit and wants to "get established." The only cost to you will be the interest you are charged on your borrowing. One of the worst problems in life is having no credit. Everyone wants you to produce your credit card etc. If you will follow the method below, you WILL appear on the credit bureaus as a person with credit then stand back and wait for the credit offers to come to YOU! __________________________________________________________________ You may reproduce this text and upload to other BBS. We normally sell this information for $10 but would appreciate a donation in ANY amount as we really enjoy communicating with people through Bulletin Boards around the country as a hobby. Dave Johnson PO Box 6155 Thousand Oaks, Calif 91359 Because we appreciate your help, we will acknowledge any donation and/or comment received. __________________________________________________________________ The best credit reference is a record of borrowing money from a BANK. Do not waste your time on small jewelry and department stores as they are not looked on as good references in the real credit world. Everyone's goal should be to obtain a Mastercard or Visa and this is the way to do it: 1. Put aside $500 of your hard earned money to get this program underway and watch it grow to real borrowing power! If you don't have $500 right now, use any other amount and adjust the figures below accordingly. 2. Select a bank (Bank A) near where you live (banks like you to have a reason for doing business with them) and open both a checking account and a savings account. You can open the checking with $100 in most banks, and put $400 in your savings. 3. Wait one week then go back to bank A and ask for a personal loan for $300 payable over one year using your savings account as collateral. They will give it to you right away as the loan is totally secured by savings. This will create a file on your credit bureau because the bank will list the loan there. 4. Take the $300 loan, go to a bank wher you work (Bank B) and open just a savings account. 5. Wait one week and go back to bank B and ask for a Visa or Mastercard secured by your $300 account. This will be done, and will appear on the bureau! 6. Use your checking account to make your first loan payment the day you receive your first payment notice to Bank A (about $30). Try to make this payment in person and take the opportunity to let the person who made you the loan see you...say hello! 7. Use your Visa Card right away to buy a hundred dollars worth of necessities that you would NORMALLY buy with cash. 8. Use your checking account to make your first Visa card payment the day you get your bill. Pay twice what the bank asks for and again, make your payment in person! 9. Wait two weeks and make a double payment (early) on your loan and visa cards, again say hello to the bank officer! 10. Be sure to use the checking account by adding your paycheck or other funds to "build it up" a little. 11. After you have made payments on both loans, apply for a Gasoline credit card, using those other items as references. 12. Be sure you take care of all payments due on your accounts ON TIME and become a familiar face in the banks. 13. DON'T PAY YOUR LOANS OFF! Let the accounts run, even if they are very low, for a year. Creditors want to see your long term credit history. This will be especially important in the future. Before you know it, you will have the credit you need to buy cars, furniture, get loans, and see an increase in your credit card limits! Just please, do not abuse this new found freedom. Credit is terrific if it is used properly! We would be very pleased to hear from you ..... successes or otherwise. It is feedback from our friends that has developed this concept. Thank you, and enjoy your new found Freedom! X-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-X Another file downloaded from: NIRVANAnet(tm) & the Temple of the Screaming Electron Jeff Hunter 510-935-5845 Rat Head Ratsnatcher 510-524-3649 Burn This Flag Zardoz 408-363-9766 realitycheck Poindexter Fortran 415-567-7043 Lies Unlimited Mick Freen 415-583-4102 Specializing in conversations, obscure information, high explosives, arcane knowledge, political extremism, diversive sexuality, insane speculation, and wild rumours. ALL-TEXT BBS SYSTEMS. Full access for first-time callers. We don't want to know who you are, where you live, or what your phone number is. We are not Big Brother. "Raw Data for Raw Nerves" X-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-X